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Dec 11, 2012
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not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay ordinary, right? you agree to that. they don't have to raise the rates. >> did you readed article that harvard is the hedge fund that has the university on the side? >> i don't know. >> $27 billion hedge fund. >> you agree with me they ought to switch the rate with ordinary income. >> i'm not -- look, it's a tax increase but you can offset it by tax cuts elsewhere. you could do tax reform in such a way that long as it doesn't net money to the government. if the government sees additional cash they go, oh, and they dro
not boehner. and the president went back and tried to jam boehner, because he thought there was division in the ranks. so one of the challenges that boehner or mitch mcconnell has is you need to be one voice as the president's one voice but you have a lot of members. >> what about hedge funds? don't raise the rates, just make them pay the rates. make them pay ordinary income. i'm always surprised, you convert ordinary income rates to capital gains, that's not what people do. just pay...
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Dec 5, 2012
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. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the spending right now is a percentage of gdp is 24%. it's projected to go substantially higher. do you know that medicare and medicaid didn't exist 50 years ago and they're now a quarter of the federal budget? >> i know. it was supposed to be supplemental. david walker was on the other day talking about obama care which is supposed to save us a trillion dollars and the actual cost, what it added the our entitlement is 12 trillion. just that we did in the last two years. or whenever it was. >> but in terms of where we are now in this negotiation, i believe that both sides in the final ana
. >> that's going to be the question that boehner has to deal with. the president will have to deal with the far wings of his party. boehner started doing it. did you see they removed two tea party members from the budget committee? >> i don't want to raise taxes to fund 25% of gdp. >> and actually, the american taxpayers are being told to pay their fair share. they want to see real entitlement reform as well. but you have to deal with the issue on the table. i mean, the...
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Dec 12, 2012
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boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off. american families will be much better off if we get this done. the most important thing we can do is make sure that middle-class taxes do not go up on january 1. and i'm pretty confident that republicans would not hold middle-class taxes hostage to try to protect tax cuts for high-income individuals. >> prediction -- are you going to be able to raise taxes, yes or no? >> oh -- taxes are going to go up one way or the other. >> they are? >> i think the key is to make sure that taxes go up on high-end individuals like you and me, barbara. we can afford it. >> you can see the rest of tha
boehner responded with a plan that largely sticks to his original offer a week ago. reports say the white house has told republicans it would include an overhaul of corporate taxes in any budget deal. that hasn't been done before. in an exclusive interview with barbara walters of abc news, president obama says he still expects a deal before the end of the year. >> i remain optimistic that there are enough people of goodwill in this town that recognize our economy will be much better off....
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Dec 7, 2012
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so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any more anxious to deal with the cuts and pass the cuts than anybody else is but we demonstrated through the ryan budget, we did it once, we did it twice -- >> i'll give you that point. i wish everybody would stop talking about this in public and get behind closed doors and actually make this happen. i can't believe the amount of tough that is talking, the tough talk, we'll go over the cliff, we'll go over the cliff. >> let me ask you a point. it's a fiscal speed bump a $600 billion tax we need. the real thing we're headed for is the long-term progress we have to make. i'm very concerned the atmosphere is very poisoned the $600 b
so when boehner comes out and gives his talk right after the election -- >> but honestly, the administration has criticized the republicans because there are no specifics in the spending cuts. >> come on, look. the erskine bowles language -- you know how this works. house republicans are will -- >> give me one. >> i won't play that game and here's why. house republicans -- house republicans are willing to sit . house republicans are willing to sit down. they're not any...